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8090 [49]
3 years ago
10

On July 1, 2017, Torvill Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract

price of $1,672,000. On July 1, Torvill estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019.
Business
1 answer:
a_sh-v [17]3 years ago
7 0
What is your question? :)
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After the problem has been defined carefully, the next step in the marketing research process is to: ________.
liraira [26]

Answer:

After the problem has been defined carefully, the next step in the marketing research process is to develop a research plan.

Explanation:

The marketing research process is a process aimed at identifying problematic situations present in the daily life of society, with the aim of creating one or more products that meet the needs or solve the problems that such situations cause to people. In this way, it seeks to create a highly demanded product that is profitable for the company that produces it.

The first step in this process is the identification of the problematic situation, after which different resolution alternatives begin to be evaluated, thus creating research plans aimed at finding a solution capable of being monetized through its insertion into the market.

3 0
4 years ago
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What is one way that financial institutions benefit the economy?
olga_2 [115]

Answer:

By providing loans so people can open businesses

Explanation:

Financial institutions act as intermediaries between the source and users of credit.  By accepting deposits from the general public, financial institutions pool together resources that firms and individuals can borrow to start or expand their business.

Financial institutions include commercial banks, saving and credit unions, among others. They offer credit services to clients from the customers' deposits. The loans help individuals and firms start and grow their business, which leads to growth in the entire economy.

4 0
4 years ago
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Wild company purchased an asset. Wild used the Modified Accelerated Cost Recovery System (MACRS) to depreciate the asset for tax
Lady_Fox [76]

Answer:

The correct answer is A.

All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than  the amount of income shown on the income state.</u>

Here's why    

       

Explanation:

In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.

It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.

This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.

This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.

Cheers!

4 0
3 years ago
How much would it cost if I spent $400 +$800 on a dress and they were both 30% off ?
AnnZ [28]
I think that it will be 840
8 0
4 years ago
Which of the following is not deductible in 2018? a.Expenses incurred associated with investments in stocks and bonds. b.Allowab
Masja [62]

Answer:

b. Allowable hobby expenses in excess of hobby income.

Explanation:

Allowable hobby expenses in excess of hobby income is not deductible in 2018.

3 0
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